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may have come into the possession of the licensee as pawnbroker or preciou.s metal dealer, or in lieu. thereof such licensee paying the person or persons the reasonable valu.e thereof The bond shall contain a provision that it may not be canceled without thirty (30) days' advance written notice to the licensing authority. (Ord. 1275, 11-18-2002) 311.08: INELIGIBLE PERSONS AND LOCATIONS: A. Ineligible Persons: No licenses under this chapter shall be issued to an applicant who is a natural person, general or managing partner, manager, proprietor or agent if such applicant: 1. Is a minor at the time the application is filed; 2. Has been convicted of any offense related to the occupation licensed or involving moral turpitude; 3. Is not a citizen of the United States or a resident alien; 4. Is not of good moral character or repute; 5. Holds an intoxicating liquor license under this code; 6. Has had a pawnbroker or precious metal dealer license revoked elsewhere; or 7. Other good and sufficient reason in the sole discretion of the City Council. B. Ineligible Locations: The following locations shall be ineligible for licenses under this chapter: 1. No license shall be granted or renewed for operation on any property on which taxes, assessments or other financial claims of the state, county, school district or city are du.e, delinquent or unpaid. 2. No license shall be granted or renewed if the property on which the bu.siness is to be conducted is owned or controlled by a person who is ineligible for a license. 3. The property is not properly zoned. C. Multiple Brokers or Dealers Prohibited: No license shall be issued for multiple pawnbrokers or precious metal dealers at one location. (bird. 1275, 11-18-2002) 311.09: REQUIREMENTS OF LICENSEES: A. Record Keeping: All licensees shall maintain a computerized system for the creation, maintenance, and storage of transactional records regarding licensed activities. At the time of a receipt of an item of property, whether purchased or pawned, the pawnbroker or precious metal dealer shall immediately record, on computer disc or if the computer is temporarily unavailable in a book or j ournal which has page numbers that are preprinted and in an indelible ink, the following information: 1. Description of Item: An accurate description of the item of property including, but not limited to, any trademark, identification number, serial number, model number, brand, brand reamer other identifying mark on such item- 2. Date and Time: The date and time the item of property was received by the licensee, and the unique alpha and/or numeric transaction identifier that distinguishes it from all other transactions in the licensee's records. Transaction identifiers must be consecutively numbered-, 3. Description of Person: The name, address, residence phone number, date of birth, and accurate description including: sex, height, weight, race, color of eyes and color of hair of the pier on from whom the item of roperty was received; p p 4. Identification Number: The identification number and state or nation of issue from any of the following forms of identification of the person from whom the item of property was received: a. A valid driver's license-, b. A valid state or national picture identification; 5. Price: The price of the item paid and whether the item was purchased or pawned-,